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" why the freedoms you mention are the result primarily of central banking and not social and technological change?" I didn't mean to imply that. Most of thos
by jollybean 5y ago
" why the freedoms you mention are the result primarily of central banking and not social and technological change?"
I didn't mean to imply that.
Most of those things didn't come from Central Banking.
That said, modern finance has 'enabled everything' just like having a highly literate education 'enables everything' as well.
- toomanydoubts 5y agoThey have also enabled commercial banks loaning other people money irresponsibly and getting obscenous bailouts when the loan takers default because "the banks are too big to fail". What a great world to live in.